US ETF and ETP assets reach record USD1.8trn
Exchange-traded funds and exchange-traded products listed in the US gathered USD13.6 billion in net new assets in May, pushing assets in the sector to a record high of USD1.8 trillion, according to preliminary data from ETFGI.
At the end of May 2014 the US ETF/ETP industry had 1,591 ETFs/ETPs, from 58 providers listed on three exchanges.
The ETF/ETP industry globally and in many countries and regions hit record highs in assets at the end of May 2014, including: ETFs/ETPs listed globally USD2.55 trillion; in the US USD1.8 trillion; in Europe USD459 billion; in Japan USD86.7 billion; in Canada USD63.2 billion; and in the Middle East and Africa USD41.7 billion.
In May 2014 ETFs/ETPs listed in the US gathered net inflows of USD13.59 billion. Fixed income ETFs/ETPs gathered the largest net inflows with USD9.0 billion, followed by equity ETFs/ETPs with USD3.8 billion, while commodity ETFs/ETPs saw net outflows of USD60 million.
YTD, through end of May 2014, ETFs/ETPs have seen net inflows of USD48.5 billion, which is significantly less than the USD84.8 billion of net inflows gathered at this time last year. Fixed income and equity ETFs/ETPs have gathered nearly identical levels of net new assets YTD with USD22.4 billion and USD 22.1 billion in net inflows, respectively, while commodity ETFs/ETPs have experienced net outflows of USD1.4 billion YTD.
YTD Vanguard has gathered the largest net ETF/ETP inflows with USD24.2 billion, followed by iShares with USD20.0 billion in net inflows, and First Trust with USD5.3 billion in net inflows.
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